Ricoh (OTCMKTS:RICOY) Shares Gap Up – Should You Buy?

Ricoh Co. (OTCMKTS:RICOY) shares gapped up before the market opened on Wednesday . The stock had previously closed at $8.09, but opened at $8.91. Ricoh shares last traded at $8.91, with a volume of 440 shares trading hands.

Ricoh Stock Up 5.8%

The firm has a market capitalization of $5.08 billion, a price-to-earnings ratio of 17.82 and a beta of 0.31. The business has a 50 day moving average of $8.99 and a 200 day moving average of $9.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.44 and a quick ratio of 1.05.

Ricoh (OTCMKTS:RICOY) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.03. Ricoh had a net margin of 1.74% and a return on equity of 4.11%. The firm had revenue of $4.19 billion for the quarter, compared to analyst estimates of $4.30 billion. On average, equities analysts anticipate that Ricoh Co. will post 0.53 EPS for the current year.

About Ricoh

Ricoh Company, Ltd. provides office, commercial printing, and related solutions worldwide. It operates through Digital services, Digital Products, Graphic Communications, Industrial Solutions, and Other segments. The company sells multifunctional printers (MFPs), laser printers, digital duplicators, wide format printers, facsimile machines, scanners, personal computers, servers, network equipment, related parts and supplies, services, and support and service and solutions related to documents.